Shares of Universal Logistics Holdings Inc (NASDAQ:ULH) have been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $35.25.
A number of equities research analysts recently weighed in on ULH shares. Stifel Nicolaus raised their price target on Universal Logistics from $28.00 to $35.00 and gave the company a “hold” rating in a report on Monday, July 30th. Citigroup raised their price target on Universal Logistics from $26.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, July 30th. ValuEngine raised Universal Logistics from a “buy” rating to a “strong-buy” rating in a report on Monday, July 30th. Zacks Investment Research raised Universal Logistics from a “hold” rating to a “strong-buy” rating and set a $41.00 price target for the company in a report on Tuesday, August 21st. Finally, BidaskClub cut Universal Logistics from a “strong-buy” rating to a “buy” rating in a report on Friday, October 12th.
ULH stock opened at $26.47 on Friday. Universal Logistics has a fifty-two week low of $20.38 and a fifty-two week high of $37.67. The firm has a market cap of $778.02 million, a P/E ratio of 36.26 and a beta of 1.74. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.14.
Universal Logistics (NASDAQ:ULH) last released its quarterly earnings results on Thursday, October 25th. The transportation company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. Universal Logistics had a return on equity of 27.43% and a net margin of 4.86%. The firm had revenue of $374.29 million during the quarter, compared to analysts’ expectations of $341.00 million. As a group, equities research analysts expect that Universal Logistics will post 1.88 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Monday, November 5th will be paid a $0.105 dividend. This is a boost from Universal Logistics’s previous quarterly dividend of $0.07. This represents a $0.42 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, November 2nd. Universal Logistics’s dividend payout ratio (DPR) is 57.53%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its stake in shares of Universal Logistics by 21.0% in the 3rd quarter. Wells Fargo & Company MN now owns 13,530 shares of the transportation company’s stock valued at $498,000 after buying an additional 2,352 shares during the period. California Public Employees Retirement System increased its stake in shares of Universal Logistics by 24.4% in the 1st quarter. California Public Employees Retirement System now owns 17,296 shares of the transportation company’s stock valued at $366,000 after buying an additional 3,396 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Universal Logistics by 15.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 39,892 shares of the transportation company’s stock valued at $844,000 after buying an additional 5,270 shares during the period. Northern Trust Corp increased its stake in shares of Universal Logistics by 5.3% in the 2nd quarter. Northern Trust Corp now owns 110,651 shares of the transportation company’s stock valued at $2,904,000 after buying an additional 5,592 shares during the period. Finally, Bank of Montreal Can acquired a new stake in shares of Universal Logistics in the 2nd quarter valued at $155,000. 26.05% of the stock is owned by institutional investors.
Universal Logistics Company Profile
Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. It offers transportation services including dry van, flatbed, heavy haul, and refrigerated services; domestic and international freight forwarding and customs brokerage services; and final mile and ground expedite services.
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